U.S. consumer confidence slipped to a six-month low in May as Americans' assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter.
British consumers picked up the pace of their spending last month and sales volumes over the three months to April grew by the most since mid-2021, according to official data that suggested limited impact from the surge in inflation.
German consumer sentiment is set to pick up in June thanks to a decline in the propensity to save, as expected wage rises help to dissipate households' fears about a loss in purchasing power with inflation, a GfK institute survey showed on Thursday.